Harsens Island, Michigan Property Taxes
The median property tax rate in Harsens Island, MI is 1.09%, slightly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Harsens Island at $255,400, the typical annual property tax bill reaches $2,627, just above the national median of $2,690. Property taxes in Harsens Island are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harsens Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Harsens Island or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harsens Island, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,784
Ownwell’s Harsens Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harsens Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harsens Island to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Harsens Island, Michigan
Property taxes in Harsens Island, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harsens Island is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Harsens Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harsens Island estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Harsens Island's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48028 has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Harsens Island provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harsens Island Tax Rate
1.09%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harsens Island, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48028 | 0.60% | 0.70% | 1.09% | 1.50% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Harsens Island, Michigan
In Harsens Island, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the St. Clair County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Harsens Island, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Harsens Island is $255,400, and the median tax bill is $2,627 in the 48028 zip code, which holds both the highest and lowest median tax bills. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Harsens Island, Michigan
Source: Ownwell
$35,200
$161,900
$288,600
Average Harsens Island Assessed Value
$255,400
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harsens Island, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48028 | $87,800 | $149,000 | $255,400 | $430,200 | $606,800 |
Source: Ownwell
Property Tax Bills Across Harsens Island, Michigan
In Harsens Island, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in this area is $255,400, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as local tax rates, exemptions, and any applicable deductions can influence the final amount. For example, the 25th percentile tax bill in this region is $1,376, while the 75th percentile reaches $4,484, and the 90th percentile can go up to $7,020. These variations highlight how different factors, including property value and local tax policies, can significantly impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Harsens Island's property tax rates can represent a considerable financial obligation for homeowners, affecting their overall cost of living and financial planning.
Average Harsens Island Tax Bill
$2,627
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Harsens Island, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48028 | $810 | $1,376 | $2,627 | $4,484 | $7,020 |
Source: Ownwell